Börjesson, M, Kouwenhoven, M, de Jong, G orcid.org/0000-0003-3405-6523 et al. (1 more author) (2023) Can repeated surveys reveal the variation of the value of travel time over time? Transportation, 50 (1). pp. 245-284. ISSN 0049-4488
Abstract
This paper studies intertemporal changes in the value of travel time (VTT) and investigates whether the change of VTT over time can be studied based on national VTT data, collected at two points in time. We use repeated national VTT data from the Netherlands and Sweden, collected 13 and 14 years apart. The results show mostly a declining VTT for a given income level. The results show also a large within-country heterogeneity across modes and purposes, in the cross-sectional income elasticity of the VTT, and in its development over time. The explanation most consistent with our results and those of others is that the VTT has in fact increased due to income increases, but that the repeated stated choice data cannot detect this given the data, methodology and population changes. In particular, it seems that the response rate has dropped considerably in the later surveys partly due to a higher share of (busy) respondents declining to be recruited. The main contribution of this paper is to document the differences between the studies carried out in different years, indicating the reasons why it is difficult to identify temporal changes in the VTT.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © The Author(s) 2022. This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. |
Keywords: | Value of time; Stated preference; Income elasticity; Cost–benefit analysis; Repeated studies; Data collection |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Economics and Discrete Choice (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 14 Feb 2023 14:24 |
Last Modified: | 25 Jun 2023 23:14 |
Status: | Published |
Publisher: | Springer |
Identification Number: | 10.1007/s11116-021-10243-y |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:195955 |